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What is Israel Englander’s Net Worth?
Israel “Izzy” Englander has an estimated net worth of $12.39 billion. He is an American billionaire hedge fund manager who has amassed a substantial fortune through his successful career in finance. He is the founder and CEO of Millennium Management, a hedge fund he established in 1989 with an initial investment of $35 million.
Under his leadership, Millennium Management has grown into a financial powerhouse, managing over $61.1 billion in assets as of 2024. The firm’s success and Englander’s significant ownership stake have been the primary drivers of his wealth accumulation over the years.
Israel “Izzy” Englander has made significant real estate investments, including the purchase of a duplex apartment in New York City for a record $71.3 million in 2014 and, more recently, the acquisition of the late Paul Allen’s French Riviera villa for an estimated €100 million ($105 million).
Here’s the breakdown of Israel Englander’s net worth:
Name: | Israel Englander |
Net Worth: | $12.39 Billion |
Date of Birth: | 1948 |
Profession: | Hedge fund manager, Philanthropist |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life and Education
Israel “Izzy” Englander was born in 1948 and raised in the Crown Heights neighborhood of Brooklyn, New York, in a Polish-Jewish family. His upbringing was deeply influenced by his Orthodox Jewish faith, and he attended a yeshiva during his early years. His parents, who survived the war, were deported to a Soviet labor camp, where his two older sisters were born before the family immigrated to the United States in 1947.
Englander developed an interest in the stock market at a young age, beginning to trade stocks while still in high school. This early passion for finance led him to pursue a Bachelor of Science degree in finance from New York University (NYU), from which he graduated in 1970.
During his college years, he gained practical experience through internships at Oppenheimer & Co. and the New York Stock Exchange. Although he briefly enrolled in NYU’s Graduate School of Business Administration, he did not complete the program.
Investment Career
Israel Englander’s investment career began shortly after his graduation from NYU. His first full-time job was with Kaufmann Alsberg & Co., where he focused on trading convertible securities and options. In 1977, he took a significant step by forming his own floor brokerage house, I.A. Englander & Co.
His co-founded Jamie Securities Co. in 1985 with John Mulheren Jr., although the firm was dissolved in 1988 due to negative publicity surrounding Mulheren’s legal issues.
In 1989, Englander co-founded Millennium Management with Ronald Shear, starting with $35 million in capital. Despite a challenging start that saw Shear leave the firm in 1990, Englander persevered and grew Millennium into a major hedge fund. The firm employs a variety of investment strategies, including statistical arbitrage, fundamental long-short investing, merger arbitrage, and convertible arbitrage.
Today, Millennium Management manages over $61.1 billion in assets and is known for its high volume of trades and extensive global presence.
Personal Life
Israel Englander is married to Caryl (née Schechter) Englander, and the couple has three children. The Englanders have made headlines for their significant real estate investments, including the purchase of a duplex apartment in New York City for a record $71.3 million in 2014. They also own properties in Atlantic Beach, New York, and Paris, among other locations.
However, Englander’s personal life has not been without controversy. His marriage to Caryl deteriorated in 2016, leading to a highly publicized and contentious divorce. Caryl accused Israel of using his wealth to intimidate and surveil her and her new partner, Swiss gallerist Dominique Levy. The divorce settlement, finalized in 2020, reportedly involved Israel paying Caryl upwards of $1 billion.
Philanthropy
Israel Englander is known for his philanthropic efforts, particularly through the Englander Foundation, which he and his wife established. The foundation primarily supports Jewish organizations, educational institutions, and medical research. Notable contributions include a $20 million donation to various Jewish organizations and schools in 2006 and significant support for Weill Cornell Medicine.
Englander’s donations have funded the Englander Institute for Precision Medicine and other critical research initiatives at the institution.
In addition to his support for medical research, Englander has made substantial contributions to the arts and culture. His wife, Caryl, is a photographer and serves as the chair of the International Center of Photography. The couple has funded exhibitions at prominent institutions such as the Guggenheim Museum and the Museum of Modern Art.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
